MANILA, Philippines -- Foreign currency inflows nudged the Philippine dollar reserves higher in April, marking its sixth straight month of increases, the central bank said on Friday --- a development that bodes well for the strength of the peso and industries that buy raw and intermediate materials from abroad. In a statement, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said preliminary data showed that the country's gross international reserves rose to $83.96 billion as of end-April 2019 from $83.61 billion as of end-March 2019. "The month-on-month increase in the gross international reserve level was due mainly to inflows arising from the BS...
Keep on reading: PH dollar reserves rise for sixth straight month
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